New Zealand Gazette – 1997 – No. 141

Page 3273

✨ Financial Statements



26 SEPTEMBER

NEW ZEALAND GAZETTE

  1. ACCOUNTS RECEIVABLE

The balance of Accounts Receivable comprises:

Network Operations As at 31 March 1997 Generation Business Energy Trading and Other Network Operations As at 31 March 1996 Generation Business Energy Trading and Other
$ $ $ $ $ $
Electricity and other trade debtors 549,936 (95) 1,963,765 598,227 5,513 1,769,608
Hire Purchase Debtors 523,122 853,846
Less Estimated Doubtful Debts (66,612) (70,574)
Total 549,936 (95) 2,420,275 598,227 5,513 2,552,880

The majority of hire purchase contracts are written on an interest free basis. The fair value of hire purchase debtors is considered not materially different to the carrying value.

  1. INVENTORIES
Network Operations As at 31 March 1997 Generation Business Energy Trading and Other Network Operations As at 31 March 1996 Generation Business Energy Trading and Other
$ $ $ $ $ $
Reticulation stock 1,096,020 20,543 1,049,007 10,631
Work in Progress 11,278 200,722 69,593
Retail trading Stock 524,542 538,750
Total 1,107,298 745,807 1,049,007 618,974

Some inventories are subject to retention of title clauses.

  1. CREDITORS AND ACCRUALS

Balance of creditors, accruals etc comprises:

Network Operations As at 31 March 1997 Generation Business Energy Trading and Other Network Operations As at 31 March 1996 Generation Business Energy Trading and Other
$ $ $ $ $ $
Trade Creditors and Accruals 1,565,984 (364,283) 1,446,969 1,092,976 (248,951) 1,211,275
Employee Entitlements 111,086 146,733 118,006 138,502
Customer deposits 206,265 236,835
Total 1,677,070 (364,283) 1,799,967 1,210,982 (248,951) 1,586,612

The debit balance under Generation originates from the internal costing of local generation to Energy Trading.



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✨ LLM interpretation of page content

🏭 Financial Statements of Marlborough Electric Limited (continued from previous page)

🏭 Trade, Customs & Industry
Electricity, Financial Statements, Accounts Receivable, Inventories, Creditors, Accruals, Marlborough Electric Limited